31-Jan-2008

We Learn

NEW DELHI: In a major initiative that could culminate in the clinching of the 2,300 km. trans-border Iran-Pakistan-India gas pipeline, Union Petroleum and Natural Gas Minister Murli Deora is likely to visit Pakistan in February first week to sort out issues relating to the transit fee.

Highly placed sources on Tuesday said Pakistan’s Minister for Petroleum and Natural Resources Amanullah Khan Jadoon invited Mr. Deora to pay a visit for sorting out issues pertaining to the project during their meeting in London late last week.

The Pakistan Minister told Mr. Deora that Islamabad was ready for talks some time in the first week of February. Both discussed the possibility of settling the transit fee issue and also the price revision clause sought to be introduced in the contract by Iran.

In a related development, Iran has suggested February 12 or 13 as dates for holding talks with India and Pakistan in Tehran to settle the $7 billion deal.